business plan for Love Life Cleaning service
please use the temple to insert your content, please follow the group assignment presentation.
the company is Love Life Cleaning service, please must follow the presentation guide to issue the report.
Template for your formal Business Plan Report:
1. Title page (not included in word count)
2. Table of Contents (not included in word count)
3. Executive summary (150 words) (Brief Outline. This is NOT an Introduction) a) An overview of the business idea and goals
b) BriefsummaryofMarketing
c) BriefsummaryofOperations
d) BriefsummaryofFinances
? Note: this section (especially parts b to d) is best done after all other
sections of the Business Plan have been completed.
4. Background (250 words)
a) Detaileddescriptionofbusiness
b) Businessstrategy
c) Ownershipandlegalstructure(includingjustificationforownershipstructurechosen) d) Owners skills and expertise
5. Marketing (400 words: 200 words for sections a) to d) and 200 words for e) [pricing policy]) a) Productsorservicestobeoffered
b) Targetmarket/customerdemographics/competitors
c) IndustryCharacteristics
d) PromotionandAdvertising e) *Pricingpolicy
* Note: Your business plan must use Cost Volume Profit analysis to demonstrate how the Pricing Policy has been determined.
6. Operations (450 words)
a) Organisationalstructureandstaffing b) Regulationconsiderations
c) Professionaladvisers
d) Businesspremises
e) Plantandequipmentrequired
f) Service/Retail processes
g) Key sustainability considerations
Financial Projections (1,700 – 1,900 words). THIS SECTION SHOULD BE THE MAIN FOCUS OF YOUR BUSINESS PLAN.
a) Financialforecasts/Budgets1 b) Funding needs2
Notes (to Point 7 above):
1.
You are required to use excel spreadsheets to prepare a comprehensive series of linked budgets/information from the list below. You must then discuss the budgets within the financial projections section of your written business plan. The excel spreadsheets can be attached as an appendix of the written business plan.
? Start-up costs summary
? Sales/Revenue Budget
? Purchases Budget
? Cost of Sales Budget
? Selling and Administrative Expenses Budget
? Schedule of Cash Collections
? Schedule of Cash Payments
? Cash Budget
? Income Statement Budget
(Statement of Financial Position is not a requirement of this assignment).
Note: Excel spreadsheets are not included in the word count.
2.
For the ‘Funding Needs’ section please discuss:
? The amount and timing of funding requirements
? Why funding is required; and
? The funding source. That is, where funding is in the form of debt (i.e.
loans) also include details of:
o Proposed lenders (for example, bank etc.) o Interest rates and amounts
o Monthly repayments; and
o Term of the loan.
8. Implementation timetable (150 words)
? Provide a detailed schedule of when the activities of the business are
expected to be carried out.
9. Concluding statements (200 words)
? Provide a summary of why you believe the business plan provides
information that substantiates the viability of your proposed business.
10. References (all references used and quoted in your research) (not included in word count).
You must use the Harvard Referencing style. Please make sure that you also use appropriate referencing for the in-text citations.
For information about Harvard referencing please see the referencing files and link provided on the MOODLE website under Week 1.
11. Appendices:
? Excel spreadsheet printouts to support discussion of budgets in
Part 7 ‘Financial Projections’ of the Business Plan (not included in word count)
? Part B: Completed Team Teamwork Reflection (500 words) see below for more instructions for Part B.